RE:Nice volume/accumulation ! Correction : "
already more than 15million shares changed hands AT or BELOW the private placement price of 10c during the last 3 months" DoctorFouad wrote: nice volume/accumulation these 3 last days (almost 1.5million shares changed hands), congratulationss to those lucky enough with cash who grabbed these cheap shares ! seems to me the selling pressure weakened considerably today, sellers could very well be running finally out of their cheap shares (it is about time, they should be, already more than 15million shares changed hands below the private placement price of 10c during the last 3 months (average daily volume of 200.000), there arent many cheap shares left in the market). So this could be it, the moment we have been waiting for : a new solid investors base finally formed (after 6 months of accumulation and changing shares from weak hands to stronger hands!) and the stock price breaking out ! The stock price will finally start its long awaited catch up with the strong fundamentals of the company ! great timing JUST IN TIME for anzaplan results !
Volume always precedes price. “stocks do not rise in price unless demand exceeds supply. Demand is measured in volume and thus volume must precede price.”
source : https://www.forbes.com/sites/tomaspray/2014/01/11/volume-always-precedes-price/#3d4959c2114e
Happy silica investing to all !